The Nifty crossing the 8,050 mark sustainably today has indicated something "structural" has changed in the market and traders should be long on both the Nifty and Bank Nifty, says technical analyst Sudarshan Sukhani of s2analytics.

The dollar index currently trading down by 0.10 percent at 95.81 as against a basket of six currencies. In the overseas markets, the dollar slipped against a basket of currencies after weak US jobs data led traders to pare bets that the Fed was poised to hike interest rates as early as this month.